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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(b),
(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(b)
Aether Systems, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
00808v105
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(CUSIP Number)
December 31, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 00808v105 13G Page 2 of 7 Pages
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1. Names of Reporting Persons.
I.R.S. Identification No. of Above Persons (Entities Only).
NexGen Technologies, L.L.C. 17-9802074
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2. Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization...Maryland
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Number of 5. Sole Voting Power...3,419,910
Shares
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Beneficially 6. Shared Voting Power...9,750,596
Owned by
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Each 7. Sole Dispositive Power...3,419,910
Reporting
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Person With 8. Shared Dispositive Power...0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person...13,170,506
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ]
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11. Percent of Class Represented by Amount in Row (9) 32.6%
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12. Type of Reporting Person* PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 00808v105 13G Page 3 of 7 Pages
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1. Names of Reporting Persons.
I.R.S. Identification No. of Above Persons (Entities Only).
David S. Oros 219-66-7562
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2. Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization...United States
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Number of 5. Sole Voting Power...4,352,410
Shares
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Beneficially 6. Shared Voting Power...9,750,596
Owned by
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Each 7. Sole Dispositive Power...4,352,410
Reporting
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Person With 8. Shared Dispositive Power...0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person...14,103,006
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ]
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11. Percent of Class Represented by Amount in Row (9) 34.9%
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12. Type of Reporting Person* IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 4 of 7 Pages
ITEM 1(a). Name of Issuer
Aether Systems, Inc. (the "Issuer")
ITEM 1(b). Address of Issuer's Principal Executive Offices
The address of the Issuer's principal executive offices is 11460
Cronridge Drive, Owings Mills, Maryland 21117.
ITEM 2(a). Name of Person Filing
This statement is filed on behalf of NexGen Technologies, L.L.C.
and David S. Oros.
ITEM 2(b). Address of Principal Business Office or, if None, Residence
The principal place of business of NexGen Technologies, L.L.C.
and David S. Oros is 11460 Cronridge Drive, Owings Mills,
Maryland 21117.
ITEM 2(c). Citizenship
The citizenship or place of organization of each of the Reporting
Persons is set forth on the cover page.
ITEM 2(d). Title of Class of Securities
The title of the securities is common stock, par value $.01 per
share (the "Common Stock").
ITEM 2(e). CUSIP Number
The CUSIP number of the Common Stock is set forth on the cover
page.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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Page 5 of 7 Pages
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
NexGen Technologies, L.L.C. 13,170,506
David S. Oros 14,103,006
(b) Percent of class:
NexGen Technologies, L.L.C. 32.6%
David S. Oros 34.9%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
NexGen Technologies, L.L.C. owns 3,419,910 shares
of Common Stock. David S. Oros through his ability
to control NexGen may direct the vote of 3,419,910
shares of Common Stock. In addition, Mr. Oros owns
warrants to purchase 932,500 shares of Common
Stock.
(ii) Shared power to vote or to direct the vote
As a result of a voting agreement with Telcom-ATI
Investors, L.L.C., 3Com Corporation and Reuters
MarketClip Holdings Sarl, NexGen Technologies,
L.L.C. has the shared power to vote 9,750,596
shares of Common Stock. David S. Oros,
individually and through his ability to control
NexGen and NexGen's rights under the voting
agreement, has the shared power to vote or to
direct the vote of 9,750,596 shares of Common
Stock.
(iii) Sole power to dispose or to direct the disposition of
NexGen Technologies, L.L.C. has the sole power to
dispose or to direct the disposition of 3,419,910
shares of Common Stock. David S. Oros has the sole
power to dispose or direct the disposition of
4,352,410 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of
NexGen Technologies, L.L.C. 0
David S. Oros 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
PERSON
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
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Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
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Page 7 of 7 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 13, 2001
NEXGEN TECHNOLOGIES, L.L.C.
/s/ DAVID S. OROS
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Name: David S. Oros
Title: Secretary
/s/ DAVID S. OROS
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David S. Oros